Pretty sure this is going to be weekly bottom, daily bottom possibly as well.
My previous idea showing a possible wick down to this area played out after a bit of a fake out to the upside.
We've been in correction since Feb and this looks to be the final capitulation event. I still think there's going to be a massive blow-off top to come within a few months. People selling today will be racing to get back in within a month or two once ATH is reached, then they'll sell again after the blow-off top with 50%+ drop in a single day.
My previous idea showing a possible wick down to this area played out after a bit of a fake out to the upside.
We've been in correction since Feb and this looks to be the final capitulation event. I still think there's going to be a massive blow-off top to come within a few months. People selling today will be racing to get back in within a month or two once ATH is reached, then they'll sell again after the blow-off top with 50%+ drop in a single day.
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